Donald Trump's Manhattan buildings have lost 21% of their value - 2021-01-27

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F88.png Donald Trump's Manhattan buildings have lost 21% of their value January 27, 2021, Juliana Kaplan, Business Insider

After a tumultuous one-term presidency, a violent insurrection by supporters, and a retirement to Florida, the Trump name has attracted some negative connotations. And his real-estate holdings are feeling the heat: According to Curbed's analysis of a report from real-estate data firm UrbanDigs, Trump-branded Manhattan properties have lost more than 20% of their value since Trump first took office.

UrbanDigs — which looked at the seven luxury buildings in Manhattan that still bear the Trump moniker, and three that used to — found that even properties that formerly had Trump in their names lost 17% of their value since 2016. By comparison, the overall price per square foot decline in Manhattan over the same period was just 9%.

In 2016, the average price per square foot in seven NYC properties run by his real-estate behemoth, the Trump Organization, was $2,065, according to the report. In 2017, following Trump's election and inauguration, that figure sunk to $1,903; by 2020, it was at $1,619. That's a drop of 21% from its 2016 price.

Wikipedia cite:
{{cite news | first = Juliana | last = Kaplan | title = Donald Trump's Manhattan buildings have lost 21% of their value | url = https://www.businessinsider.com/trump-tower-buildings-value-real-estate-prices-2021-1 | work = Business Insider | date = January 27, 2021 | accessdate = February 21, 2021 }}